Month: May 2014

When I got a large energy bill which i couldn’t afford to pay it forced me to take out a payday loan, although it appeared easy to repay the reality my income wasn’t enough The payday loan repayment along with interest just meant i had bought myself a month before i was back to having the same problem again. The only option I had was to take out another payday loan to cover the first one and hope there’s was a way I would find another way to repay it….

I have to admit I have always liked the finer things in life but in my defence I also knew the importance of working hard and not living on credit. While I can’t admit to being the best saver in my family or even circle of friends I have always made sure to not to live on credit but some how that changed. I’m not sure exactly when or even how but gradually over a period of about 2 years I started to use more and more credit cards and…

I was always taught to save money and never get into debt so when I found myself owing over £50,000 to different creditors after facing redundancy it was a shock. I’m an educated woman who had a good job as an estate agent earning £30k per year plus bonus, this was until the financial collapse in 2008. Suddenly the housing market crashed and my job was no longer safe but I always assumed there would be a job available to me in my current employment. I was told by my employer…